Skip to main content

Preferred Rewards for Business Program Details

Logo for Bank of America Preferred Rewards For Business

Benefits that
grow with
your business

Benefits that grow with your business

There are 3 tiers in the Preferred Rewards for Business program – Gold, Platinum and Platinum Honors. Your tier is based on your qualifying combined balances in your Bank of America® business deposit and/or Merrill® business investment accounts.

Once you’re a member, you can move from tier to tier.

  • You’ll keep your program benefits for at least a full year, so no need to worry if your balances dip temporarily.
  • If your balances increase and qualify you for a higher tier, you’ll automatically move to the next level of rewards
Review the program FAQs to learn more about maintaining your program benefits, including annual reviews and tier increases.
There are 3 tiers in the Preferred Rewards for Business program – Gold, Platinum and Platinum Honors. Your tier is based on your qualifying combined balances in your Bank of America® business deposit and/or Merrill® business investment accounts.

Once you’re a member, you can move from tier to tier.

  • You’ll keep your program benefits for at least a full year, so no need to worry if your balances dip temporarily.
  • If your balances increase and qualify you for a higher tier, you’ll automatically move to the next level of rewards
Review the program FAQs to learn more about maintaining your program benefits, including annual reviews and tier increases.
Overview Calculate rewards Review FAQs
Gold
Platinum
Platinum Honors Platinum Honors Platinum Honors
3-month combined average daily business balance
Gold $20K to < $50K
Platinum $50K to < $100K
Platinum Honors $100K+
No monthly maintenance fees (up to 4 checking and 4 savings accounts)
Gold Included
Platinum Included
Platinum Honors Included
Fee waivers on select banking services
Gold
  • ATM/debit card rush replacement
  • Cashier's checks
  • Check copies & images
  • Domestic inbound wire transfers
  • Stop payments
Platinum Gold tier benefits
+ International inbound wire transfers
Platinum Honors Platinum tier benefits
+ 4 online outbound wire transfers (per statement cycle)
Bonus rewards on eligible business credit cards
Gold 25%
bonus rewards
Platinum 50%
bonus rewards
Platinum Honors 75%
bonus rewards
Interest rate booster on Business Advantage Savings accounts
Gold 5%
rate booster
Platinum 10%
rate booster
Platinum Honors 20%
rate booster
No ATM transaction fees - no matter what ATM you use in the U.S.
Gold
Platinum Up to 12 no-fee ATM transactions per year
(one per statement cycle)
Platinum Honors Unlimited no-fee ATM transactions
Interest rate discounts on new Business Advantage Credit Line, Term Loan and Secured Lending
Gold 0.25%
rate discount
Platinum 0.50%
rate discount
Platinum Honors 0.75%
rate discount
NEW
Processing rate discount on Merchant Services
(Simplified Pricing Plan)
Gold 0.05%
rate discount
Platinum 0.07%
rate discount
Platinum Honors 0.10%
rate discount
Cash back on eligible payroll service fees
Gold $10
cash Back
Platinum $15
cash Back
Platinum Honors $20
cash Back
Interest rate discounts on new Business Advantage Auto Loans
Gold 0.25%
rate discount
Platinum 0.35%
rate discount
Platinum Honors 0.50%
rate discount
Interest rate discounts on new Commercial Real Estate Loans
Gold 0.25%
rate discount
Platinum 0.35%
rate discount
Platinum Honors 0.50%
rate discount
Interest rate discounts for new Practice Solutions Lending
Gold 0.25%
rate discount
Platinum 0.30%
rate discount
Platinum Honors 0.35%
rate discount
Annual relationship review with a Small Business Specialist
Gold
Platinum
Platinum Honors Included
Financial analysis with a Merrill Financial Solutions Advisor
Gold + Complimentary financial analysis
Platinum + Complimentary financial analysis
Platinum Honors + Complimentary financial analysis

Become a Preferred Rewards for Business member

There’s no fee to join or participate in the program. Here’s all you need to become a member:

  • An active, eligible Bank of America business checking account
  • A 3-month combined average daily balance of $20,000 or more in qualifying Bank of America business deposit accounts and/or Merrill® business investment accounts

Get started now

Become a Preferred Rewards for Business member

There’s no fee to join or participate in the program. Here’s all you need to become a member:

  • An active, eligible Bank of America business checking account
  • A 3-month combined average daily balance of $20,000 or more in qualifying Bank of America business deposit accounts and/or Merrill® business investment accounts

Log in to Online Banking to see if you qualify »

Speak with a Small Business Specialist to get started today

Schedule an appointment now or call 888.BUSINESS (888.287.4637)

Not an Online Banking Customer?

Enroll in Online Banking »

Don’t have a business checking account?

Learn more about business checking »

. Sell trades are subject to a transaction fee of between $0.01 and $0.03 per $1,000 of principle. There are costs associated with owning ETFs. To learn more about Merrill pricing, visit merrilledge.com/pricing.

Cards not eligible for the Rewards Bonus:

  • Non-rewards credit cards (Bank of America Platinum and Platinum Plus for Business cards)
  • Personal or consumer purpose credit cards
  • Business Advantage Cash Rewards 123 w/50% bonus
  • Business Advantage Travel Rewards w/50% bonus
  • Merrill branded Merrill Rewards for Business Card
  • Alaska Airlines®

Business Banking, Global Commercial Banking, Global Corporate Investment Banking or Institutional clients are not eligible to participate in the program. This list is subject to change without prior notice.